The supply curve for umbrellas
A)shows the supply of umbrellas consumers are willing and able to buy at any given price.
B)is downward sloping.
C)shows the relationship between the quantity of umbrellas firms are willing and able to supply and the quantity of umbrellas consumers are willing and able to purchase.
D)shows the relationship between the price of umbrellas and the quantity of umbrellas supplied.

Question

Quizplus · Accepted Answer

The supply curve for umbrellas shows the relationship between the price of umbrellas and the quantity of umbrellas supplied. As the price of umbrellas increases, the quantity supplied by firms also increases, and vice versa. Therefore, the correct option is D.

The Supply Curve for Umbrellas